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Hatch Brokered by Real

| Hatch Brokered by Real | Real Brokerage LLC | PLACE

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1132 Payne Ave , Saint Paul, MN 55130
$275,000
Est. Payment: $1,420.78/mo
2 Bed
2 Bath
0 Sqft
Status: Active | Days on site: 299
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9705 - 502239675
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Hatch Brokered by Real, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

Exceptional value-add investment opportunity in the heart of Saint Paul’s rapidly revitalizing Payne-Phalen corridor. This three-unit mixed-use commercial property offers strong potential for investors or owner-operators looking to unlock value through upgrades and rent increases. All three units are currently functional but would benefit from modernization, allowing for substantial cash flow growth and appreciation. The property’s prime location on Payne Avenue positions it perfectly to benefit from the area’s ongoing transformation. The Payne Avenue corridor is home to some of Saint Paul’s most ambitious redevelopment efforts. The Hamm’s Brewery redevelopment is set to bring new housing, retail, and community spaces to the area, while the Latino Economic Development Center’s multi-million-dollar renovation will introduce a new event center, commercial kitchen, restaurants, and retail destinations, further energizing this historic commercial strip. As investment pours into the neighborhood, properties like this one stand to gain from increased visibility, higher tenant demand, and future appreciation. Whether you’re an investor seeking a solid long-term hold or an owner-operator looking to establish a business in a high-growth area, 1132 Payne Ave represents a rare opportunity to invest ahead of the curve. With the right vision and updates, this property can deliver impressive returns and become part of the East Side’s next wave of revitalization. Buyer agent to confirm all measurements.
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Highlights

Listed by William Schultz , 651-216-6814 Keller Williams Premier Realty , 651-379-5252. Minneapolis/St. Paul and St. Cloud - Northstar MLS

Property Type

Commercial Sale
Lot/Acreage
0.06

Year Built

1900

County

Ramsey

 Neighborhood

Holterhoff & Meads Add

 School District

St. Paul

Listing ID

6806880

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:2
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:
Water:City Water/Connected

Exterior Features

Lot Dimensions:24 X 95
Zoning:Business/Commercial
Sewer:City Sewer/Connected
Parking Features:Gravel,On-Street Parking Only
Principal Interest
$1,421
Taxes
$499

Home Price

$275,000

Loan Details

30 yrs
6.708%

Down Payment

20%
$55,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,420.78

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,420.78 $498.83 $0.00 $1,919.61
Yearly $17,049.35 $5,986.00 $0.00 $23,035.35
Total $511,480.51 $179,580.00 $0.00 $691,060.51
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Will Provost
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Market insight data is pulled from the same city as the listing being viewed (Saint Paul, MN).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-09-06T06:58:06.000Z

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